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Inventory Applications of Servomechanism Models


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A dynamic inventory control model, formulated in terms of discrete variable servomechanism theory, is examined. The behavior of the system is first analyzed by digital computer simulation. Both random and deterministic inputs are considered. Two double echelon models are then constructed and examined analytically utilizing transform theory. Finally, the properties of forecastors of demand are analyzed for the cases where mean demand is constant and linear. Exponential smoothing techniques are compared with standard estimation procedures


Publisher Monterey, California: Naval Postgraduate School
Pages 92
Language en_US
Digitizing sponsor Naval Postgraduate School, Dudley Knox Library
Book contributor Naval Postgraduate School, Dudley Knox Library
Collection navalpostgraduateschoollibrary; fedlink; americana

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